Marrying Elderly Woman for Money

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moak

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My jurisdiction is: Massachusetts

I have an Aunt who was never married and about 10 years ago took in a boader at her house. He seemed ok...helped fix her house and keep things clean. That progressed to a point where she become obsessed with his company, paranoid of his leaving, and somewhat insane altogether...leaving her very vulnerable to him. She ultimately sold her property for several hundred thousand dollars and he convinced her to move to his hometown in Springfield, MA and buy a new place...with cash...and put his name on the deed. He then convinced her to marry him. I have never been convinced that he was some angel sent to care for her....she gets some care as she financially supports him. However, the marriage thing makes me fear now for her control over her finances and leaves me feeling helpless to support her. She has always had a very unhealthy obsession with this man to the point of insanity...probably driven by her extreme lonelyness. I tried to convince her that the marriage idea was a bad thing and she seemed to understand that...but in the end, she decided to do it anyway...for reasons I may never understand. I even told her that if she wanted to leave every dime to this man on her passing, that would be just fine...but she needed to safeguard her finances to make sure she had what she needed to care for herself.

Any advice on how to help her prevent the inevitable draining of her finances? I would like to be able to have some control should she need to be put in a nursing home....but I feel that slipping.
 
"Insanity" is a very strong word. Her behaviour might be obsessive, but to the point of incapacity? If so, get a medical opinion. If not, she's free to arrange her affairs how she likes.

That being said, you can continue to advise her of the need to safeguard her finances. If she is interested in ensuring her money doesn't get depleted, she should ensure that he doesn't have signing authority on her accounts, that they do not share credit cards, etc. The usual "what's mine is mine" stuff. I can imagine this might cause some friction between you and her husband.

You might also suggest she prepare her estate to provide for inheritances to her relatives, etc. It is quite likely that her marriage voided any will she may have had previously.

As always, consult a local estates lawyer.
 
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